Fox Run Management L.L.C. Acquires Shares of 63,235 Telefonica Brasil S.A. $VIV

Key Points

• Fox Run Management L.L.C. acquired a new stake of 63,235 shares in Telefonica Brasil S.A., valued at approximately $551,000, during the first quarter.
• Telefonica Brasil's stock has seen recent support from institutional investors, with notable increases in holdings by LPL Financial LLC, JPMorgan Chase & Co., and Wells Fargo & Company.
• The company's latest quarterly earnings report indicated EPS of $0.15, missing the analyst consensus estimate, with total revenue reported at $2.62 billion.

Fox Run Management L.L.C. bought a new stake in shares of Telefonica Brasil S.A. (NYSE:VIV - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 63,235 shares of the Wireless communications provider's stock, valued at approximately $551,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VIV. SBI Securities Co. Ltd. grew its position in shares of Telefonica Brasil by 39.3% in the first quarter. SBI Securities Co. Ltd. now owns 3,783 shares of the Wireless communications provider's stock valued at $33,000 after purchasing an additional 1,067 shares during the last quarter. Rhumbline Advisers grew its position in shares of Telefonica Brasil by 337.7% in the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 3,266 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Telefonica Brasil in the fourth quarter valued at about $51,000. GeoWealth Management LLC grew its position in shares of Telefonica Brasil by 1,429.4% in the fourth quarter. GeoWealth Management LLC now owns 8,534 shares of the Wireless communications provider's stock valued at $64,000 after purchasing an additional 7,976 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Telefonica Brasil by 984.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,251 shares of the Wireless communications provider's stock valued at $70,000 after purchasing an additional 8,398 shares during the last quarter. 5.16% of the stock is owned by institutional investors and hedge funds.

Telefonica Brasil Stock Performance

VIV stock traded up $0.2050 during trading on Friday, reaching $12.6450. 1,045,066 shares of the stock were exchanged, compared to its average volume of 971,982. Telefonica Brasil S.A. has a twelve month low of $7.47 and a twelve month high of $12.66. The company has a market capitalization of $20.57 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 0.86 and a beta of 0.71. The stock has a 50 day simple moving average of $11.50 and a 200-day simple moving average of $13.12. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.

Telefonica Brasil (NYSE:VIV - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $14.48 billion. Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. As a group, sell-side analysts anticipate that Telefonica Brasil S.A. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VIV shares. Barclays reaffirmed an "overweight" rating and issued a $13.00 price target (up from $12.50) on shares of Telefonica Brasil in a research report on Thursday, August 7th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Telefonica Brasil in a research report on Friday, August 8th. Scotiabank raised their price target on Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Wall Street Zen downgraded Telefonica Brasil from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, The Goldman Sachs Group lifted their target price on Telefonica Brasil from $11.40 to $12.60 and gave the stock a "buy" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Telefonica Brasil presently has an average rating of "Hold" and a consensus target price of $12.70.

Telefonica Brasil Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.